Wipro shines on winning Marelli strategic IT deal

Indian multinational corporation, Wipro gains today post signing a multi-year technology services deal with the leading Japanese automotive technology supplier-Marelli. However, the financial details of the deal were not disclosed.

In a statement released on Thursday after the market hours, Wipro said that as its technology partner, they would help Marelli by leveraging its global service delivery model and automotive domain expertise powered by their Holmes software product platform.

Dario Castello, the Chief Information Officer (CIO) of Marelli informed that Wipro is the right partner to develop its IT services and also said that this consolidation and standardisation would act as an important pillar of integration within the organisation.

Meanwhile, Wipro Vice-President for Manufacturing, Vinay Firake added that the company is delighted to be selected as Marelli’s strategic partner. He also said that the partnership would endorse their value in the automotive industry and help them in growing global footprint in strategic markets like Japan and Italy.

At 10.29 am on Friday, the stock price of Wipro is trading at Rs 244.50, up by 0.37 per cent against its previous close of Rs 243.60 on BSE.